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Is it Halal or Haram to be a LIC commission agent in Islam?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
to make the L.I.C. POLICY IN ISLAM IS PERMIT.TO WORK AS A L.I.C AGENT IA ALLOWED IN ISLAM TELL ME ABOUT COMMISSION AGENT THAT MONEY IS HALAL OR HARAMPLEASE TELL ME IN DETAILS KHUDA HAFIZ. ASSALAMUALIKUM

Answer

(Fatwa: 2145/1732=B/1429)

The LIC policy is composed of interest and gambling i.e. these two things are found therein, which have been declared haram (forbidden) by the Quran and Hadith. Therefore, it is unlawful to take the policy. Working as LIC agent is helping in sin which is also not lawful.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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